Parkside Financial Bank & Trust Has $235,000 Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Parkside Financial Bank & Trust increased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 256.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,201 shares of the company’s stock after purchasing an additional 6,622 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Coterra Energy were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its stake in shares of Coterra Energy by 17.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 302,501 shares of the company’s stock valued at $7,720,000 after purchasing an additional 45,040 shares during the last quarter. Foster & Motley Inc. boosted its stake in shares of Coterra Energy by 63.4% in the 4th quarter. Foster & Motley Inc. now owns 31,055 shares of the company’s stock valued at $793,000 after purchasing an additional 12,044 shares during the last quarter. Significant Wealth Partners LLC bought a new position in shares of Coterra Energy in the 4th quarter valued at about $1,604,000. OLD National Bancorp IN boosted its stake in shares of Coterra Energy by 0.8% in the 4th quarter. OLD National Bancorp IN now owns 304,701 shares of the company’s stock valued at $7,776,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Coterra Energy by 2.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 107,419 shares of the company’s stock valued at $2,741,000 after purchasing an additional 2,659 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Transactions at Coterra Energy

In other news, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the sale, the vice president now owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the transaction, the chief accounting officer now owns 176,758 shares in the company, valued at $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CTRA shares. Barclays started coverage on shares of Coterra Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $36.00 target price on the stock. Scotiabank increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Stephens reiterated an “overweight” rating and issued a $39.00 price target on shares of Coterra Energy in a research report on Tuesday, January 23rd. Bank of America upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.47.

Coterra Energy Stock Up 0.6 %

Shares of CTRA stock traded up $0.16 during trading on Wednesday, reaching $28.29. The company’s stock had a trading volume of 1,536,914 shares, compared to its average volume of 6,797,907. The business has a fifty day moving average price of $26.86 and a 200-day moving average price of $26.41. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 13.15 and a beta of 0.21. Coterra Energy Inc. has a one year low of $22.91 and a one year high of $29.89.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. Analysts anticipate that Coterra Energy Inc. will post 1.88 earnings per share for the current year.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.20. Coterra Energy’s payout ratio is currently 39.25%.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.